RetailFlashcard.1

Front

A retail business owned by the shareholders and having a centralized decision making for their multiple store locations is called:

Back

a corporation

Front

The repetitive cycle that occurs with retailers in regard to product assortment is called:

Back

the retail product cycle

Front

People who purchase goods and/or services

Back

customers

Front

The term for distributing merchandise from the manufacturer to retail locations is called:

Back

allocation

Front

The physical goods (that can be touched) and can be bought and sold are called:

Back

products

Front

The selling of goods and/or services to a customer is called:

Back

retail

Front

Which item is considered a retail product? Options: Extended warranty on a refrigerator, A new refrigerator, Refrigerator repair, Refrigerator delivery

Back

A new refrigerator

Front

What item is a retail product? Options: Car tire repair, Car tire warranty, Car tire installation, Car tire

Back

Car tire

Front

From the list below, select the business in the retail industry: A city park, Car repair shop, Department store, Doctor's office.

Back

Department store

Front

A large facility that manufacturers and sends large quantities of products to then be distributed to stores is called:

Back

A distribution center